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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents, unrestricted $ 16,276 $ 49,507
Restricted cash 789 1,375
Restricted short-term investments 7,070 8,597
Short-term investments 151,803 147,681
Total cash and cash equivalents, restricted cash and short-term investments 175,938 207,160
Student receivables, net of allowance for doubtful accounts of $22,611 and $21,376 as of September 30, 2017 and December 31, 2016, respectively 21,134 22,825
Receivables, other, net 996 929
Prepaid expenses 8,769 14,446
Inventories 991 1,868
Other current assets 1,112 817
Assets of discontinued operations 171 148
Total current assets 209,111 248,193
NON-CURRENT ASSETS:    
Property and equipment, net of accumulated depreciation of $346,718 and $381,415 as of September 30, 2017 and December 31, 2016, respectively 33,278 40,512
Goodwill 87,356 87,356
Intangible assets, net of amortization of $1,400 and $800 as of September 30, 2017 and December 31, 2016, respectively 7,900 8,500
Student receivables, net of allowance for doubtful accounts of $2,051 and $1,766 as of September 30, 2017 and December 31, 2016, respectively 2,622 3,055
Deferred income tax assets, net 147,990 158,272
Other assets 7,018 7,608
Assets of discontinued operations 5,922 6,105
TOTAL ASSETS [1] 501,197 559,601
CURRENT LIABILITIES:    
Accounts payable 11,780 10,099
Accrued expenses:    
Payroll and related benefits 31,646 41,203
Advertising and marketing costs 10,732 10,253
Income taxes 1,898 1,830
Other 35,127 69,244
Deferred tuition revenue 22,401 28,364
Liabilities of discontinued operations 6,434 8,219
Total current liabilities 120,018 169,212
NON-CURRENT LIABILITIES:    
Deferred rent obligations 16,253 30,713
Other liabilities 23,384 31,751
Liabilities of discontinued operations 2,156 6,422
Total non-current liabilities 41,793 68,886
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued or outstanding
Common stock, $0.01 par value; 300,000,000 shares authorized; 84,254,021 and 83,538,033 shares issued, 69,093,603 and 68,519,005 shares outstanding as of September 30, 2017 and December 31, 2016, respectively 843 835
Additional paid-in capital 619,483 613,325
Accumulated other comprehensive income (loss) 144 (258)
Accumulated deficit (63,745) (76,230)
Cost of 15,160,418 and 15,019,028 shares in treasury as of September 30, 2017 and December 31, 2016, respectively (217,339) (216,169)
Total stockholders' equity 339,386 321,503
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 501,197 $ 559,601
[1] Total assets do not include intercompany receivable or payable activity between schools and corporate and investments in subsidiaries.